USDJPY - this week's technicals and trade strategy
Bullish signals for USDJPY in Q4 and for last week have been confirmed, investors buying the market above the 200 week and the key daily average rates to post a gain of 1 ½ Big Figs on the week overall. With no sign that demand is ending the outlook for this week remains positive and the call is to buy on the open and then at 112.69, Thursday’s Marabuzo line with a stop loss at 111.99, last week’s base. Targets are to 113.91, the 4 week high, 114.73, November’s top and 115.50, the Mar high trade.
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